MJ Gleeson Group has reported a 57% advance in profit before interest and tax to £43.7 million on turnover up 25% to £419 million. The group’s homes and regeneration business saw turnover rise 43% to £160 million and operating profit increase by 39% to a record 17 million. The discontinued building operations recorded an operation loss of £44 million on turnover of £171 million. Chairman Dermot Gleeson said: “Withdrawal from general building contracting has substantially reduced the group’s risk profile. The task is now to develop to the full the profit generating potential of the group’s continuing operations.”